July 12, 2024

Over the past decade exit pipeline capacity from Alberta has become tight.

There has been limited number Greenfield expansion projects in the Alberta.

Overall, full-cycle cost for Oil Sands has averaged US$42.70/Bbl.

Driven by both higher CAPEX and OPEX costs, new mining projects are more expensive averaging US$51.50/Bbl.

New in situ projects are averaging US$33.90/Bbl.

* 15% Rate of return has been incorporated into the overall capital cost